Margin Loans Comsec raised rates 50 pts

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by crc_error, 17th Mar, 2008.

Join Australia's most dynamic and respected property investment community
  1. crc_error

    crc_error The Rule of 72

    Joined:
    1st Jul, 2015
    Posts:
    1,267
    Location:
    Melbourne, VIC
    In case you didn't notice, comsec raised its rates straight after the RBA announcement 25 points, and now has raised rates again another 25 points.

    10.35% is the rate..

    is margin lending worth it now?
     
    crc_error, 17th Mar, 2008
    #1
  2. The Stig

    The Stig Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    161
    Location:
    Central Coast NSW
    Geeze. Glad I don't have any mortgages or leases.

    I would be VERY surprised if the RBA raise them again any time soon.
     
    The Stig, 17th Mar, 2008
    #2
  3. crc_error

    crc_error The Rule of 72

    Joined:
    1st Jul, 2015
    Posts:
    1,267
    Location:
    Melbourne, VIC
    it doesn't seem to matter, banks are raising them regardless..

    by the way, its for the margin lending rates, not mortgages.
     
    crc_error, 17th Mar, 2008
    #3
  4. The Stig

    The Stig Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    161
    Location:
    Central Coast NSW
    LOL, I thought it was for variable loans across the board. That's not so bad then.
     
    The Stig, 17th Mar, 2008
    #4
  5. BillV

    BillV Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,555
    Location:
    Sydney
    Not really, and considering the risk of shares losing value I would have to be mad to get a margin loan right now...:eek:
     
    BillV, 17th Mar, 2008
    #5